Navigation:  Loan Screens > Original Loan Disclosure Screen > Loan Disclosure Information field group > Original Rate

Entry: System, numeric

F/M: No

Mnemonic: LN78AO, OTORAT

Screen: Loans > Original Loan Disclosure screen

 

This field displays the original interest rate on the customer loan account.

 

For payment method 5 (precomputed) loans, the rate of add-on interest appears in this field.

 

Add-on interest is computed at the beginning of the loan, then added to the principal. Add-on interest must be repaid even if the loan is paid off early.